Go Daddy reportedly sold to KKR and others for $2.25 Billion, CEO Bob Parsons says it is not a sale

By on Jul 2, 2011 in Business, Internet, United States Comments

Top web hosting and domain names company Go Daddy has reportedly been sold to KKR, Silver Lake and Technology Crossover Ventures (TCV) recently for $2.25 billion, but its CEO denied the reports.

Go Daddy logo
Image Credit: GoDaddy.com

According to international news sites on Friday, July 1, 2011, a source familiar to the deal, whose identity was not revealed, told them that KKR and two other companies have bought Go Daddy worth $2.25 billion.

Apparently, Go Daddy’s sales was said to have increased by 25% from 2009 to 2010 or $947 million, with the projection sales this year to reach about $1.1 billion.

“I’ve always said we would make a move like this when the right deal with the right partners could help us do the right thing for our customers and our employees,” Go Daddy founder and CEO Bob Parsons said on its press release at GoDaddy.com that day.

“This is it! We are partnering with KKR, Silver Lake and TCV because of their technology expertise. We will take the company to the next level, especially when it comes to accelerating international growth.” Parsons added, with the price of the deal not revealed on the announcement.

Nevertheless, Parsons categorically denied that Go Daddy was sold, with the company saying that it is now serving more than 9.3 million global customers and more than 48 million domain names are being managed.

“This isn’t a sale. It’s a partnership that’s reinvesting in Go Daddy.” Parsons said in a telephone interview, according to New York Times.

As of this writing, Go Daddy headquarters is in Scottsdale, Arizona but it also has locations in Arizona, Colorado, Iowa, Singapore, Toronto, The Netherlands and Washington, D.C.

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